ValuEngine Downgrades Air T (NASDAQ:AIRT) to Hold

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Air T (NASDAQ:AIRT) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

Shares of AIRT opened at $21.50 on Tuesday. The stock’s fifty day simple moving average is $19.07 and its 200-day simple moving average is $19.74. The firm has a market capitalization of $60.33 million, a PE ratio of 19.82 and a beta of 1.26. Air T has a 12-month low of $12.51 and a 12-month high of $24.50. The company has a quick ratio of 1.05, a current ratio of 1.77 and a debt-to-equity ratio of 1.90.

In other Air T news, Director Raymond E. Cabillot bought 4,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $19.67 per share, for a total transaction of $88,515.00. Following the transaction, the director now owns 4,500 shares in the company, valued at approximately $88,515. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 53.14% of the company’s stock.

About Air T

Air T, Inc, together with its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2018, this segment had 79 aircrafts under the dry-lease agreements with FedEx.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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